CAS stays, but derivatives settlement may change, says Sebi chief Tuhin Kanta Pandey after another 1,000-point Sensex swing

Tuhin Kanta Pandey said the experience with the MSCI rebalancing was positive despite concerns that the new mechanism could face challenges in handling large institutional flows. The latest MSCI rebalancing was the first major test of the CAS since its introduction.

Sebi Chairman Tuhin Kanta Pandey stated the Closing Auction Session is here to stay. Traders express concerns about sharp expiry-day swings linked to this new mechanism. Global index provider MSCI acknowledged its recent rebalancing went well under the new framework. Sebi is…